Welcome to our dedicated page for Rogers Comm news (Ticker: RCI), a resource for investors and traders seeking the latest updates and insights on Rogers Comm stock.
News about Rogers Communications Inc. (RCI) focuses on its role as Canada’s leading communications and entertainment company and on developments across its wireless, cable, media, and sports businesses. Investors and followers of RCI can use this news feed to see how Rogers reports on network expansion, product launches, financial performance, and capital allocation decisions.
Rogers regularly issues news releases on quarterly results, which are also filed on Form 6‑K. These earnings updates highlight metrics such as wireless service revenue, cable revenue, media revenue, subscriber additions, and margins, along with commentary on strategic priorities and financial guidance. The company also announces the timing of investment community teleconferences and webcasts where management discusses results and outlook.
Beyond financial reporting, Rogers news covers network and product initiatives, including the launch and expansion of Rogers Satellite, a satellite-to-mobile texting service that extends coverage into remote areas, and offerings such as Rogers Xfinity Pro, which adds Wi‑Fi 7‑enabled equipment and backup capabilities to its internet plans. Device-related announcements, such as the availability of new generations of iPhone, Apple Watch, and AirPods on Rogers’ 5G+ network, appear in these updates as well.
Rogers’ media and sports activities also generate frequent headlines. The company reports on the performance of its media segment, the impact of the Toronto Blue Jays season, and developments related to its controlling interest in Maple Leaf Sports & Entertainment Ltd. News releases describe fan-focused initiatives such as World Series ticket giveaways, watch parties at Rogers Centre, and customer reward programs like Rogers Beyond the Seat.
Dividend declarations, debt tender offers, and significant financing transactions, including equity investments in network subsidiaries, are disclosed through dedicated news releases and associated SEC filings. Readers who follow RCI news can track how Rogers communicates strategic moves, capital structure changes, and shareholder returns over time.
Rogers Communications Inc. (RCI) has announced an extension of the Special Mandatory Redemption Date for its various Senior Notes to December 31, 2023. This extension allows RCI to maintain bond financing during the anticipated closing of the Shaw Communications acquisition. The consent solicitations for the Notes concluded on August 31, 2022, with RCI committing to pay approximately Cdn$520 million in Initial Consent Fees to consenting holders by September 9, 2022. The extension ensures proceeds from the Notes remain available for an additional year.
Rogers Communications Inc. (RCI) announced on August 22, 2022, its intention to amend the indentures governing eight series of its senior notes. This move aims to extend the Special Mandatory Redemption date from December 31, 2022, to December 31, 2023, in connection with its proposed acquisition of Shaw Communications. The consent solicitations for the amendments will expire on August 31, 2022. If the acquisition isn't completed by the new date, Rogers is obligated to redeem the notes at 101% of their principal value, plus accrued interest.
Rogers Communications reported strong Q2 2022 results, showcasing an 8% increase in total revenue to CAD 3.868 billion. Wireless service revenue rose 11%, while adjusted EBITDA surged 16% to CAD 1.592 billion. Notably, postpaid mobile net adds reached 122,000, with churn improving to 0.68%. Despite a CAD 150 million customer credit from a recent outage, the company remains optimistic, affirming full-year guidance for service revenue and EBITDA growth. The ongoing Shaw acquisition is projected to enhance competitive dynamics, ensuring long-term value for Canadian consumers.
Rogers Communications, Shaw Communications, and the Shaw Family Living Trust have extended the deadline for their proposed merger to December 31, 2022, with a potential option to extend to January 31, 2023. The merger aims to combine their resources and networks, marking a significant move in the Canadian telecommunications industry. They are also pursuing the sale of Freedom Mobile to Quebecor, with negotiations ongoing. This transaction has received necessary approvals but is still subject to further regulatory reviews.
Rogers Communications has declared a quarterly dividend of 50 cents per share on its Class A Voting shares and Class B Non-Voting shares. This dividend will be paid on October 3, 2022 to shareholders of record as of September 9, 2022. Dividends are contingent upon declaration by the Board of Rogers, meaning there is no guaranteed entitlement to future dividends unless declared.
On July 4-5, 2022, early mediation between Rogers Communications and Shaw Communications, alongside the Commissioner of Competition, failed to resolve objections regarding their proposed merger. The review process will persist, and both companies remain open to continued discussions with the Commissioner. Rogers and Shaw aim to demonstrate the merger's benefits, including the divestiture of Freedom Wireless to Quebecor, which would sustain competition in Canada’s wireless sector.
Rogers Communications plans to release its Q2 2022 financial results on July 27, 2022, before the opening of North American financial markets. The results will be accessible via newswire and on their investors.rogers.com. Management will hold a teleconference at 8:00 a.m. ET to discuss results and future outlook.
Rogers Communications and Shaw have agreed to sell Freedom Mobile to Quebecor for an enterprise value of C$2.85 billion, pending regulatory approvals. This divestiture aims to secure a strong fourth wireless carrier in Canada, addressing competition concerns raised by authorities. Quebecor, with a proven track record in telecommunications, will enhance Freedom’s operations and expedite its 5G technology adoption. The sale is part of a broader merger strategy with Shaw, which has already gained necessary shareholder and regulatory approvals.
Rogers Communications announces with deep sorrow the passing of Loretta Rogers at 83, who died peacefully at home surrounded by family. A key figure in the company since 1964, Loretta was dedicated to her family's legacy and community betterment. She significantly contributed to health initiatives, including establishing the Ted Rogers Centre for Heart Research. Edward Rogers, Chairman, expressed profound sadness over her loss, highlighting her compassion and leadership. The Board and employees extend heartfelt condolences to the Rogers family during this difficult time.
Rogers Communications Inc. and Shaw Communications Inc. have agreed to postpone the closing of their proposed merger until they reach a settlement with the Commissioner of Competition or the Tribunal rules on their case. The companies are focused on divesting Shaw's wireless business as part of the merger process. They assert that the merger will enhance infrastructure investments, create jobs, and improve competition in Canada. The merger has received shareholder and court approvals, yet remains subject to further regulatory approvals.